Don’t wait, buy now! Of course, that’s what all the Realtors say, right? The residential real estate market has been very active in 2018, with a 6.2% increase in home sales in January alone. According to the CoreLogic Case-Shiller national study, this home sale increase represents the fastest 12-month growth in nearly three years. Of course, nationally and in the Daytona Beach area, these first few months of the year are not historically the top selling times. But the improving job market and emergence of millennial buyers is driving home sales, with loftier expectations for sales through the spring home-buying season.
Locally, we have seen a strong sellers market, with demand for quality homes very high, and many new listings going under contract within a day or two. Unfortunately this has lead to some disappointment from buyers who are waiting too long to make a move on the home or condo they love. While we are not pushy, used-car-salesmen, the reality is that with mortgage rates increasing and home prices rising, it is not beneficial to wait. And if you are a renter, it is very likely that those rates will be going up too! Please feel free to call us at (386) 527-8577 to discuss the Daytona Beach area real estate market, and let us help ensure you don’t miss out on the perfect property in Central Florida.